Cosworth not denying stock market floatation reports

According to reports in the financial media, F1 engine supplier Cosworth
could soon be floated on the stock exchange.
The reports estimated the value of the flotation at about (US) $360
million, following the famous British marque's return to F1...

According to reports in the financial media, F1 engine supplier Cosworth
could soon be floated on the stock exchange.

The reports estimated the value of the flotation at about (US) $360
million, following the famous British marque's return to F1 with Williams
and all three of the new teams.

Main investors Gerald Forsythe and Kevin Kalkhoven, who bought Cosworth
from Ford in 2004, are reportedly considering the move as profits are
expected to surge from $2m in 2008 to more than $70m this year.

The reports said auditor Deloitte may have been hired for the initial
public offering, and a source admitted that business has picked up
dramatically since the company laid off 200 staff when it dropped out of F1
at the end of 2006.

The Northampton Chronicle quoted a spokesman as saying on Tuesday: "As
with any company that enjoys a particularly successful period, there is
speculation that they will float. Those things go hand in hand."